EUR/JPY Technical Analysis: Deeper pullback could see 108.23 re-tested

FX Street

Updated: 2 Aug. 2019 | 10:02

EUR/JPY is navigating in fresh 2019 lows in the 118.60 region following a strong pick up in the demand ofr the Japanese safe haven post-new tariffs.
Immediately to the downside emerges the next relevant support at February 2017 low at 118.23 ahead of 2017 low at 114.85 (April 17).
While below recent tops at 121.38, the cross is expected to remain under heavy downside pressure.

EUR/JPY daily chart

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